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Search Results 0 to 23 of about 24 (some duplicates have been removed)
to return to work until thursday. the same goes for president obama who will spend christmas in hawaii. that leaves them just five days to get a deal done to avoid steep tax hikes and spending cuts. senators on both sides of the aisle say both parties need to compromise to avoid a potential econom disaster. >> my one bit of advice to speaker boehner is this. you can't pass a bill with just republicans. on a broad thing like this, you need both. >> ronald reagan model is if you get 80% of what you want, that's a good day. we have the same objective of lower taxes. i like simpson-bowles. put money on the debt. tax rate hikes are partisan solution driven by the president but he'll get tax rate hikes. >> some lawmakers say that no deal will get done by the end of the year. >>> the second victim of a shooting in northeast washington has died. beasley was found shot in the early hours of saturday morning. harris was found lying in the road nearby and pronounced dead at the scene. police are offering a $25,000 reward for information that helps them solve this case. >>> a fixture on the potoma
a solution. give us one, john. >> meanwhile, president obama is spending christmas in hawaii where he and the first lady attended the holiday memorial service for the late u.s. senator from daniel inouye. >> white house correspondent kristen welker. kristen, obviously they always say the white house travels with the president wherever he is. that's where the white house is. the president, though, is enjoying vacation, but still continuing to keep tabs on the fiscal cliff negotiations, correct? >> he is. white house officials describe this as a working vacation. i think there have been maybe a few conversations at the staff level about the fiscal cliff, but the reality is, thomas, the negotiations have largely stalled. you remember president obama on friday urging lawmakers to take this time off to really cool off, come back later this week with a appreciate perspective. i think you're going to see the hard work, the real negotiations resume when lawmakers go back into session after the christmas holiday. now, last week it seemed as though president obama, house speaker john boehner we
out in the world though it is hard to find in washington these days. president obama spending holidays in beautiful hawaii where reports now surfaced where he is looking to strike a smaller fiscal deal that would extend tax cuts for the middle class but not tackling any spending cuts. chief white house correspondent ed henry is live in honolulu with more. ed, for the first time, people like joe lieberman are saying i really think we'll go over the cliff. what do you hear? >> reporter: it's a real possibility, you're right. we're a week out. people on both sides have been talking this thing to death. it might need a christmas miracle at this point to avoid going off the cliff. the president scaled back plan basically would extend unemmoment benefits for two million people who will lose them a week after christmas if there is no deal. he also wants to extend tax cuts for 98% of americans. you heard him talk about that again and again. that level of $250,000 or less. the republicans have not afreed to that on the hill obviously. when you talk to folks like senator lindsey graham, they say
they avert the fiscal crisis by getting a deal. president obama spending the christmas holidays in hawaii, but it's not all fun in the sun. still looming as i've just talked about is this large fiscal cliff as the deadline gets closer, and now there are reports surfacing that the president is looking to strike a partial deal that would extend tax cuts for the middle class while holding off on spending cuts. chief white house correspondent ed henry has the luxury of reporting live in honolulu, hawaii. ed it seems for the first time we might really go off the fiscal cliff which is something that you or so many of us in washington never believed would happen. >> reporter: you're right, kelly. i mean for the longest time there was an expectation in both parties there would be a lot of fighting but right up against the christmas holiday they would finally somehow work this out. that is traditionally what happens on capitol hill. this time as you say leaders in both parties now bracing for the real possibility that we will go off that fiscal cliff, and that tax increases will go across the boar
to return to work until thursday. that's the same day president obama will return. he's spending christmas in hawaii with his family. that leaves them just five days to get a deal done to avoid steep tax hikes and big-time spending cuts. senators on both sides of the aisle say both parties need to compromise to avoid a potential economic disaster. >>> last-minute shoppers may not have been as merry this year as retailers had hoped. good morning. >> good morning to you. shoppers filled the malls and stores on the final weekend before christmas but many people may have not been filled with holiday spirit this year. research group npd says customer traffic was in line with last year but consumers are spending less. a combination of factors may be weighing on their minds including the tax impact of the fiscal cliff, aftereffects of sandy and shootings in connecticut. 'tis the season for giving but many charities aren't on the receiving end. the single biggest source of revenue for most charities are down as you are big gifts from endowments. the u.s. million dollar list which tracks large dona
in spending cuts. president obama's last offer the one that the republicans rejected was less than $1 trillion in spending cuts. we checked. that would be less than 2% of the $44 trillion the government will spend over the next decade. again, is that the best democrats can do? 2% of all of the spending over the next decade? >> you know, this conversation to me is exactly what is wrong in washington. i mean just listen to the conversation you have is just had. it is he said, she said, blame the other guy. look, i tried to be constructive here and lay out an actual plan to get us nearly $4 trillion by taking the offers that are on the table. speaker boehner and the president were so close and then speaker boehner went off on plan b. i never understood why. had no prospect of succeeding. it did not succeed even in his own caucus. now, the question. >> chris: but you are not answering my question. >> because i tell you something because we only have nine days left here. when are we going to get serious about actual solutions? i would lineback joh welcome jl me. he wants a solution. give us one, jo
cliff. president obama and congress are on christmas vacation. it will be thursday before talks resume to try and prevent automatic tax hikes and spending cuts from taking effect january first. andrew spencer has the latest. analysts say many shoppers haven't been in the holiday spirit when it comes to spending money. the four-day black friday weekend that started on thanksgiving was strong. sales rose 2-point-7 percent. but analysts says sales fell 4-point-3 percent for the week ending december 15th. and last week they forecasted holiday spending to decrease another 2-point- 5 percent. previous expectations were for a 3-point-3 percent increase in spending. the saint anthony foundation needs help to reach its goal of collecting 5-hundred hams during the 25th annual curbside donation drive. according to the foundation, they collected a hundred hams. that's just 20-percent of their goal. the foundation hoped to get another 400 hams sunday and today. if you would like to donate a ham you can do so at the drive. located in front of saint anthony's in san francisco's tenderloin area. from
and automatic spending cuts take effect. it may take up president obama's bare bones stopgap measure. that plan would block tax hikes for those earning $250,000. it would extend unemployment benefits to 2 million americans and put off spending cuts until the new year brings a new congress. our expert on all matters relating to the fiscal cliff is dana bash. she joins me now from washington. dana, great to see you again. tell me does even a band-aid approach work? >> it's going to be tough. this is all math. but it really has to do with the math with regard to votes. and democrats especially who i'm talking to in the senate which is probably where this will originate, the reality is that democrats don't hold a very big majority. her going to need to have a handful of republicans to cross party lines and vote with them on the whole concept of raising any taxes. especially what the president wants which is something that is raising taxes on all americans making more than $250,000. that's the senate. never mind the house, which of course, made clear to the house speaker that they won't even go for
like a pro. >> well, we've already talked a lot the about it this morning. president obama can't raise enough money through his tax plans to cover all the spending. that means he could resume other ways for the revenue to come in. will a carbon tax be among them? joining us now from the american action forum, sam, we know the president wants this thing. he tried desperately, even with democrats holding both houses of congress, however, he couldn't get it. will he try to pursue it in his first year of the second term? >> well, there's certainly a lot of revenue out there. a lot of projections are, if carbon is at $20 per ton of carbon, it could generate roughly a trillion dollars over the next ten years, of course, that figure of $20 would increase, but i think it's pretty tough for republicans to swallow another trillion dollars in revenue from a carbon tax, so i don't think it's very likely to get 60 votes in the senate or for speaker boehner from ohio which is a big coal producing area, which would be hit the hardest by a carbon tax, i don't think it's likely he would bring that up f
. president obama and congress are on christmas vacation. it will be thursday before talks will resume to try to prevent automatic tax hikes and spending cuts from taking effect january 1st. andrew spencer has the latest. >> this is the first time that i feel that it is more likely that will go over the cliff that not. if we allow this to happen it will be the most colossal consequence so act congressionally. this will be very irresponsible. >> president obama stated that he will cut his vacation short to try to handle this. the deadline is just a week away. >> a programming reminder to catch dr. phil right after the kron4 morning news at 10:00 a.m.. we will be right back. oh, you have a keurig vue brewer? oh, it's great! now i can brew my coffee just the way i love it. how do you do that? well, inside the brewer, there's this train that's powerful enough to carry more coffee and fresh water to make coffee that's stronger and bigger... and even hotter! actually, i just press this button. brew the coffee you love -- stronger, bigger, or hotter -- with the keurig vue. >> the mega yacht that ste
. president obama and congress are are home -- are home now for christmas. automatic tax hikes and spending cuts will kick in january 1st. democrats and republicans insist they are still committed to reaching a deal with the house speaker vowing to return to washington the day after christmas. >>> more than 1,000 people attend the memorial service for the late hawaii senator daniel enoway. he was the first japanese american elected to congress. he spent 50 years in washington serving the people of hawaii. he died last week. he was 8 8. >>> this morning an investigation is underway after a baltimore county police officer opens fire, killing a man who they say was pointing a knife at him. mike schuh is live with more on what happened. good morning, mike. >> reporter: good morning. county police say that their officer stopped a man behind this gas station and what happened next is up for investigation. >> the officer on routine patrol passes this shell station around 3:45 in the morning. behind the building a suspicious man. police say when the officer asked the man to come out he pulled a kni
in time. nbc's white house correspondent kristen welker is in hawaii where the first family is spending the holidays. kristen, good morning. >> reporter: natalie, good morning to you. president obama begins day three of his hawaiian holiday. white house officials say this is a working vacation, but talks on the fiscal cliff remain largely deadlocked. meanwhile, members of congress came to honolulu on sunday to along with the president say good-bye to one of their own. with the fiscal cliff deadline looming, lawmakers and president obama attended a memorial service in honolulu on sunday for the late senator daniel inoyue. >> he was really a legislative hero who would never hesitated to collaborate with a republican colleague for the good of the country. >> reporter: there was little sign of collaboration on the morning talk shows. >> my one bit of advice to speaker boehner is this. you cannot pass a bill with just republicans. >> the president has been a pathetic fiscal leader. >> both sides blaming each other for the impact. >> i think the president is eager to go over the cliff for pol
spending cuts and tax increases will stick in january 1st if no deal is in place. that could throw the u.s. back into recession. president obama and lawmakers are on vacation. congress is not expected to meet again until after christmas. >> i guess we can call in another sign of the times. newsweek will become a digital- only publication in the new year. >> a sad moment. this is its last ever print issue. its features a photograph of the old newsweek offices in new york. the headline reads "last british." the-- "last print edissue." >> a few sloppy snowflakes today, mixed with rain, no accumulation expected. >> will that hold you over? >> no. i am still wishing for snowfall. teachers do as well. a light wintry mix today, not a big deal. nothing to get excited about. why snow excitement factor, 1 out of 10. next weekend we have the potential for little snowfall. let's talk about what's happening right now. areas of rain tracking into southwestern virginia, western north carolina tennessee valley. that will slowly push our way. by lunchtime is when we will see the first areas of a light w
after a long, expensive primary to choose how to spend at the time limited funds and tested better they claim than bio spots or defenses of his personal record. in the end, obama beat romney by ten points. on the economic values question that was this, which candidate is more in touch with people like you? 53% said romney's policies would favor the rich. 10% said that the about the president's policies and romney, first republican nominee in the history of our nbc sls "wall street journal" poll and ended with a painful number, 47% of the voters viewing him positively. the obama campaign was also able to get more bang for the buck because they bought ads early and they were very careful about where to buy the ads. in the last week of the election, the obama campaign paid $550 for a single ad in raleigh, north carolina. the romney campaign had to sell out $2,665. the obama campaign bought it way ahead of time. lesson two, the republican brand needs a hard look. the gop favorable rating underwater for two years. it's been nearly five years and the final poll, full poll before the elec
. their goal is to make president obama a failure, no matter what it does to this country. thank you. host: lots of different points of view. joshua gordon. guest: the main issue is when you look at how spending programs are growing more quickly than the economy. we need to look at how we are going to pay for that. we are not going to pay for it with a major reform. this fiscal cliff thing is a short-term issue. we are trying to recover from this financial crisis. the economy is slowly doing better but still has not come back to pre-crisis levels. do we want a fiscal policy that can do two things? repel the recovery forward and deal with the long-term budget situation? everyone agrees that is the preferable way to do it. over the short term, uses -- postponed any fiscal cliff austerity so that recovery can take hold, and over the long term, but to balance the revenue and spending of the federal budget. if we were able to do both things -- and if we had a rational policy making gains in congress, that is what we would do -- then we would enter the future with a pretty good pace for future g
sides do that. president obama has a political capital. it is like money -- how do you spend it? he can spend it on helping our schools. he can spend it with regard to our affairs in the middle east. those are tough questions to answer. my priority is always education and our long term problems. i'm not a deficit hawk. people on both sides do bothwell. i don't understand the fuss about raising the age qualification for social security are medicare. and plead with the caps -- simply lift the caps. franklin roosevelt to not want to be called a socialist. if we just lived in those caps, we would delay -- i can remember the exact numbers. for several decades, anyway. i think that would be less painful than raising the qualified age. medicare is the toughest because of health care costs have been skyrocketing. our country's health care cost is rising faster than any other industrial nation. we don't have much coronation. obamacare had to be cobbled together to appease everybody. we have it and we should be focusing on ways to make our health care more efficient and i think we will. these are
not support any tax increase, not a million, not over a million and we don't have enough spending cuts. >> why did he pull out? what was the most mortem on pulling out? >> i think he thought obama wasn't close enough. it's a couple hundred billion in revenues -- i mean in spending cuts that the president wanted and boehner said i can't believe that. neighbor he couldn't have pulled out because of the same guys that killed plan "b." >> shorter-term it looks like the republicans would feel that brunt politically of us going over the cliff. longer-term if you get into next year and you still have troubles and the economy is still weak, isn't the president taking a big chance here? i mean, do you get any sense that they're overplaying their hand because they won re-election? >> i agree with that. i think they are overplaying their hand a little bit. i think that the president doesn't want to have a second term overshadowed by a recession. which is actually an opportunity to get a few things done, completely over taken by this cliff. he does actually want a deal. i'm not sure he wants to go -- >> i
. president obama is in hawaii but may return early to resume negotiations. taxes for all americans will go up if a deal is not reached by january 1st. the main sticking points are tax hikes and spending cuts. >>> we are learning more about the dui arrest of a u.s. senator. mike crawl crapo was pulled over in alexandria. an officer said he saw him run a red light. police say he registered a blood alcohol level of .11. the legal limit in virginia is .08. the senator was released on bond about four hours later. the senator released a statement sunday saying i am deeply sorry. i made a mistake for which i apologize to my family, my idaho constituents and any others who have put their trust in me. he is due in court january 4th. >>> heading home for the holidays. nasty weather out west makes the journey longer for some people. we will take a look at mother nature. ♪ because we know how much you do to make the holidays just right. from ornaments to ottomans, memories are made with ikea. >>> church leaders in newton, connecticut are getting standing ovation for helping the community cope with the
president obama's offer to increase taxes on top 2%, whether 400,000 or 500,000 and of some small spending changes. that seems to be all anybody is talking about right now. that may be all that we can get through. plan c seems to be the original plan a at this point. >> we are making our way through the alpha bet. thank you, guys. merry christmas, all. >> merry christmas. >> see you later. >> let's get to the nasdaq marketsite. seema mody. >> weighing here on the nasdaq on large cap tech shares, take a look at dell shares moving lower. research in motion continuing its plunge after losing roughly 20% on friday with concerns aroundity revenue service model being the key issue there. aside from that, a biotech stock on the move, a small cap but as you see a commendable run over the past six months, gaining 70%. investors piling in, in anticipation of approval. today they got that approval. however the cholesterol lowering drug will contain a boxed warning citing risk of liver toxicity. perhaps that's a reason we are 150eing that stock move lower. on to bright spots, if you can believe it, fa
. >> why have you been so consistent in your support of obama? is >> i can't even imagine thinking about what would happen to the supreme court if a republican were the president. i mean, citizens united is a horrible thing that people can spend and waste this amount of money on elections. think of all the people that could be benefit -- could benefit from that money. >> there have been two elections since i've been in america. there have been two elections where one party has had far more financial power than the other. one was here in california with meg whitman, and one was nationally. romney clearly had more money than obama for most of that campaign, and in both cases, the one with the most money lost. >> isn't that great? >> what does that tell you about the american people? >> the people are getting smarter. they're going, i don't like all this amount of money spent on this election. campaign finance reform is very important, and i hope somebody does something about it. you should have a given amount, equal amount, equal air time, and that's it. that idea of corporations being peo
in debt, and basically wants to save a trillion dollars over ten years when he's spending a trillion dollars of money we don't have a year. gregg: you know what, dick? president obama campaigned on the idea of 800 billion in new revenue, and when he won re-election, he suddenly said i'm going to double it. i'm demanding now $1.6 trillion in new revenue. i mean, how do you negotiate with a guy who keeps changing his proposal? >> well, what's interesting is that speaker boehner would have, his proposal would have generated $800 billion in new revenue, and he couldn't get republicans of his own party to go along with it. you've got to pass something to begin a process of the give and take. and -- gregg: dick, you're dodging my question. >> that's democrats' problem, they've got to pass a bill. gregg: he said i want 800 billion in new revenue, and the immediately after the election boehner goes to him and says here it is, and he said, no, no, no, now i want 1.6 trillion. come on, dick. >> well, i mean, i think it's important to understand that this president won a huge victory based on r
looks like. the one on the table is still the old plan a. president obama's offer to raise taxes on the top 2%, restore the bush era tax cuts for the rest of us. yes there is talk about putting in spending cuts, raising medicare eligibility and changing the inflation measure for social security but that is still the one on the table. then there is the alternatives. the house passing that existing senate bill that's out there that would raise taxes on the top 2%. that doesn't include sequestration though. sequestration could happen so they have to either let it happen or insert some kind of stop-gap in there. the other one of course is just literally to extend everything for another month. extend all the cuts to the end of january and simply delay sequestration and of course that is the least desirable but that may be in fact the one that happens right now. let's move on and show you the market is still not very worried about it. the five-month high on an intraday basis on friday but still staying within that trading range that has been in for a while now. not really busting out a
sailor to his mom yust in time for christmas. >> president obama drawing strong criticism about the wars in iraq and afghanistan and he said hagel is the wrong man for the job. ♪ ♪ >> clayton: welcome back. lawmakers have eight days left when a series of spending hikes and tax cuts come n you will see a slash of spending of 500 billion dollars over the next 10 years and nine percent in speppeding alone. joining us is ceo of concerned veterans for america and u.s. army veteran himself. pete, nice to see you and merry christmas to you. >> thank you for having me. >> clayton: defense cuts set to take place in the end of the year . president obama knows this and set to expire is the bush era tax cuts . what impact will this have on the military? >> it will have an across the board impactit sequestration is so bad. we'll get across the board training to maintenance and to the next weapon system and on base things provided for families and tri-care. it hits everything. secretary panetta called it a meat axe. our readiness will be stunted by sequestration . it is bad policy. >> clayton: rep
Search Results 0 to 23 of about 24 (some duplicates have been removed)

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